(Finance) – I vehicles electrical are intended to reshape the mobility civil, where the mix of energy carriers is the protagonist of innovation and evolution: in fact, alongside traditional fossil fuels, new “sources” are being developed, such as biofuels, hydrogen, and others. Countries around the world had already introduced ambitious ones sustainability goals and transition, but the war in Ukraine has further accelerated these efforts and prompted many Western governments to reduce their dependence on Russian commodities.
“In this context”, he points out Alexander I fallhead of Bain & Company’s Energy & utilities EMEA practice, “thecharging infrastructure and services crucial to electric vehicle adoption represent a huge and strategic business opportunity. By 2030, electric vehicle charging profits in Europe, the United States and China will grow significantly, with smart energy driving growth and accounting for around one third of total profits. It is important to bear in mind that electric vehicle charging is a complex sector: market characteristics vary significantly depending on the country, the charging location, the company’s position in the overall value chain and the business model. “.
The players who want to be successful in this scenario must be able to adopt a strategic approach and to react flexibly in the face of the evolution of the behavior of customers and of regulations. In particular, the realities interested in this market must take three key decisions on where to compete: the recharge opportunity, the part of the value chain and the region. The selection of partners to be supported will also depend on these choices.
“Charging opportunities” include home, workplace, destination or transit. In the short term, many investments will go to the construction of infrastructures; for in-transit recharging, profitability will depend on the ability to achieve high utilization rates. To win in this sector, therefore, will require intelligent investments in a network of fast charging stations (over 150 kW in direct current) that are comfortable, reliable and able to offer an excellent customer experience “, he continues. Valeria SterposPartner Bain & Company.
In the future, however, the largest basin of profits for home and workplace charging will likely be linked to next-generation smart energy services, including EV charging vehicle-to-grid And vehicle-to-home. These services will become increasingly important as the volume of demand for solar and wind energy increases: recharges of this type allow electric companies to exploit the storage capacity of car batteries to better balance supply and demand.
From the point of view of value chain, profit growth over the next decade will be strong in the three main segments of electric vehicle charging: hardware and installation, charging services and smart energy services. “THE participants to the new ecosystem “, continues Cadei,” they come from different worlds: car manufacturers, energy operators (both in the Oil & Gas world and in the power world), service companies, equipment manufacturers, software companies, charging point operators, retailers, infrastructure funds and start-ups but also large-scale distribution operators or parking management companies. Each of them has a different set of resources and incentives and a different role in the wider ecosystem: an excellent prerequisite for starting successful partnerships ”.